Palladium Falls Most in Nine Months on South Africa Talks
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Palladium futures tumbled the most in nine months amid signs of progress in the labor dispute in South Africa, the world’s second-biggest producer. Platinum posted the biggest drop in 12 weeks.
On April 18, top South African mining companies increased a pay offer to workers as a strike entered the 13th week. The main union will meet producers tomorrow to discuss the proposal. The U.S. and its European allies urged Russia, the top source of palladium, to help calm the Ukraine crisis after four-party talks produced an accord aimed at easing a standoff.